- Issue price
- ₹130per share
- Issue size
- ₹218.4 Cr1,68,00,000 shares
- Face value
- ₹5per equity share
- Lot size
- 115 sharesMin. ₹14,950 at the upper price
- Anchor biddingFri, 2026
- OpensMon, 2026
- ClosesWed, 2026
- AllotmentThu, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,68,00,000 shares (₹218.4 Cr)
- Offer for sale
- None
- Total issue
- 1,68,00,000 shares (₹218.4 Cr)
- Face value
- ₹5
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- Big NII10.0%
- Small NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 58,80,000 | 35.00% | 35% |
| Non-institutional investors (NII) | 25,20,000 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 8,40,000 | 5.00% | — |
| Big NII (above ₹10 lakh) | 16,80,000 | 10.00% | — |
| Qualified institutional buyers (QIB) | 84,00,000 | 50.00% | 50% |
| QIB, excluding anchor | 33,60,000 | 20.00% | — |
| Anchor investors | 50,40,000 | 30.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹130 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 115 | ₹14,950 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2026, pre-issue- EPS (basic)
- ₹9.47
- EPS (diluted)
- ₹9.47
- RoNW
- 30.23%
- ROCE
- 28.79%
- NAV per share (As on March 31, 2026)
- ₹40.71
- NAV per share (After the Issue at Cap Price)
- ₹64.05
- Debt to equity
- 0.23
- EBITDA margin
- 14.39%
- PAT margin
- 9.62%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 450.00 | 389.35 | 271.09 |
| Total income | 462.54 | 400.50 | 282.22 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| Profit after tax | 43.29 | 33.60 | 29.08 |
| Net worth | 193.27 | 93.17 | 80.47 |
| Reserves and surplus | 169.54 | 72.93 | 53.52 |
| Total assets | 614.16 | 496.64 | 428.96 |
| Total borrowing | 44.81 | — | — |
12 months vs 12 months: revenue +15.6%, profit after tax +28.8%.
Source: ProspectusUpdated
About the company
Bengaluru-based IT/ITeS company that builds, integrates and runs digital platforms for government and enterprise clients. Its work is organised into healthcare, electronic governance, and telecommunications and broadband verticals. The company has about twenty-six years of operating history and also serves clients in several overseas markets.
- Incorporated
- 1999
- Industry
- IT/ITeS
- CIN
- U72200KA1999PLC025692
- Website
- sritindia.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Promoters (Dr. Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko) | 84.74% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for modernising existing products and redevelopment | 12.86 |
| Working capital requirements | 124.00 |
| Inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes | 55.13 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| SRIT India LimitedIssuer | ₹9.47 | 13.73× | 30.23% | ₹40.71 |
| Mastek Limited | ₹130.45 | 12.59× | 14.81% | ₹965.11 |
| Railtel Corporation of India Limited | ₹10.79 | 24.03× | 16.25% | ₹70.47 |
| Protean eGov Technologies Ltd | ₹24.7 | 19.80× | 9.69% | ₹265.23 |
| Allied Digital Services Limited | ₹6.3 | 15.52× | 5.85% | ₹21.71 |
| Aurionpro Solutions Limited | ₹38.9 | 18.62× | 13.06% | ₹322.9 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Two decades of experience delivering digital platforms to government and enterprise clients.
- Revenue from operations grew from ₹2,710.88 million in Fiscal 2024 to ₹4,499.99 million in Fiscal 2026.
- Operates across healthcare, e-governance and telecom/broadband verticals with a modular product suite.
- Has executed projects in several Indian states and overseas markets such as Qatar and Nigeria.
- Debt-to-equity ratio reduced to 0.23 in Fiscal 2026.
Risks
- About 89% of Fiscal 2026 revenue came from government tenders, so losing tenders could hurt the business.
- Bid-to-win ratios are modest, and failing to win or qualify for bids could slow growth.
- Projects can face penalties, cost overruns or termination if delivered late.
- Proceeds depend on management estimates that have not been appraised by any bank or independent agency.
- Industry data relies on a report commissioned by the company from Dun & Bradstreet.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹130) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the SRIT India IPO open and close?
According to the Prospectus, the issue opens on Monday, 28 September 2026 and closes on Wednesday, 30 September 2026.
What is the SRIT India IPO price band?
The final issue price is ₹130 per share.
What is the lot size of the SRIT India IPO?
One lot is 115 shares, which is ₹14,950 at ₹130 per share.
Where will SRIT India shares list?
On NSE and BSE. The tentative listing date is Tuesday, 6 October 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the SRIT India IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 1 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹12.86 Cr for capital expenditure for modernising existing products and redevelopment, ₹124 Cr for working capital requirements, ₹55.13 Cr for inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.